A Finance Strategic Moment
Amid 2020’s Covid uncertainty, Tom Egan drew on his Lehman‑era lesson that contracts follow relationships. He immediately called Hometap’s two banks, shared worst‑case projections and asked for covenant flexibility. The transparency earned rapid waivers, safeguarded liquidity and proved that trust, not paperwork, is the true collateral when markets fracture.
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Now Watch the Complete Episode Featuring CFO Tom Egan of Hometap
Since arriving six months ago, Hometap CFO Tom Egan has focused on steering the home‑equity pioneer from start‑up mode to scalable platform. He explains that Hometap’s flagship investment lets homeowners unlock equity without monthly payments or new debt, completing nearly 19,000 transactions so far. Now, with deployment running about seventy‑five to eighty million dollars a month, Egan is standardizing legacy facilities, securing twelve months of capital in a volatile market, and partnering with product and marketing teams to broaden offerings beyond a single solution. His goal: transform home equity into a flexible ecosystem that supports every stage of ownership journey.
| CFO’s Strategy Playbook |
|---|
| • Secure capital runway amid market volatility |
| • Standardize funding terms to enable efficient scaling |
| • Expand offerings, decouple brand from single product |